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City Report · GA

Palmetto

Pop. 4,797·28th most expensive in Georgia·Rental market data updated monthly for Palmetto, GA
Median rent (all units)
$2,095/mo
Year-over-Year
Stable
Month-over-Month
+14.3%
vs US Median
+$133
Rising (Monthly)
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Most AffordableMost Expensive
Palmetto · $2,095
More expensive than 64% of US cities · National median $1,962/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $2,095/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$84,000/yr
Local median income
$80,982/yr
Based on the 30%-of-income rule using Palmetto's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,280
2 BR
$1,420
3 BR
$1,710
4 BR+
$2,060
Fair Market Rent (HUD)
$1,420/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,095 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,140/yr
At $2,095/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +14.3% MoM), not inventory.
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Demographics

Who lives here

Palmetto, GA is majority owner-occupied, 15.5% of residents hold a bachelor's degree or higher.

Population
4,797
Median income
$80,982
Median age
40.3
Renters
40%
Age distribution
20.4%
22.3%
21.2%
21.7%
14.4%
Under 1820.4%
18–3422.3%
35–5421.2%
55–6421.7%
65+14.4%
Gender
44.9%
55.1%
Male44.9%
Female55.1%
Race & ethnicity
27.4%
44.4%
22.2%
White27.4%
Black44.4%
Hispanic22.2%
Other6.1%
Education (25+)
15.4%
40.7%
28.3%
15.5%
No HS diploma15.4%
HS diploma40.7%
Some college28.3%
Bachelor's+15.5%
Housing tenure
60%
40%
Owner60%
Renter40%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Palmetto, GA has changed in 5 years

Income
$48,266 → $80,982
up 67.8%
Population
4,843 → 4,797
down 0.9%
Renter share
45.6% → 40%
-5.6 pts
Bachelor's+
19.8% → 15.5%
-4.3 pts
Median age
37.8 → 40.3
+2.5 yrs

Local incomes tracked alongside that move, going from a median of $48,266 in 2021 to $80,982 more recently. Renters now make up 40% of households, compared with 45.6% five years ago. College-educated residents now make up 15.5% of adults here, versus 19.8% in 2021.

Community

Discussions about Palmetto

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View Palmetto rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palmetto on your salary?

At $2,095/mo, how Palmetto rent compares to typical pay (30% rule).

By apartment size

Palmetto rent by bedroom count

Median rent for each apartment size in Palmetto. Click any size for full breakdown.

Local insights

Tips for renters in Palmetto

About renting in Palmetto, GA

Last updated: July 20, 2026

The median rent in Palmetto is $2,095/mo as of July 2026. A studio apartment averages $1,230/mo while a 2-bedroom runs $1,420/mo. One-bedroom apartments average $1,280/mo and 3-bedroom units go for $1,710/mo.

At 31% of local median household income ($80,982/yr), Palmetto ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Palmetto an affordable city for renters?

Palmetto is considered moderate for renters. At $2,095/mo, rent takes approximately 31% of the local median household income ($80,982/yr). The standard benchmark is 30%. Palmetto slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Palmetto?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,095/mo in Palmetto. The local median household income is $80,982/yr, meaning the typical Palmetto household falls short of that threshold.

Is rent going up or down in Palmetto?

Rent in Palmetto has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Palmetto rent compare to other cities in Georgia?

Palmetto is one of the pricier cities in Georgia for rent, ranking #28 out of 135 tracked cities at $2,095/mo.

Which nearby cities are cheaper to rent in than Palmetto?

Several nearby cities have lower median rents than Palmetto ($2,095/mo): Newnan ($1,790/mo), Union City ($1,813/mo), Douglasville ($1,882/mo).

What percentage of Palmetto residents rent vs. own?

According to Census data, approximately 40% of Palmetto households are renters, while 60% are owner-occupied. Palmetto leans toward homeownership, which can mean a smaller rental inventory.

How does Palmetto rent compare to the national average?

Palmetto's median rent of $2,095/mo is $133 (7%) above the US national median of $1,962/mo. Within Georgia, it ranks #28 out of 135 tracked cities.
Income Affordability
31%
MODERATE

At $2,095/mo, rent takes ~31% of Palmetto's median household income ($80,982/yr). The standard benchmark is 30%.

Palmetto 31%Benchmark 30%
State income tax4.99%
Run the Palmetto affordability calculator →
Lowest-rent ZIP codes in Palmetto
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palmetto, GA

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